Coronavirus: when do we reach the bottom of the dip?

Wow, I really thought this forum was about patient investors planning for the next 50 years :wink: .

Might be the 1st real crash for every investor on this forum. Remember, it’s about early retirement. So no old people here, most are in their 20/30s and never experienced a crash like 2008.

That’s why all of this is so exciting!

5 Likes

I am older, so I have only to plan for the next 30 years :stuck_out_tongue_winking_eye: .

Haha that’s funny how fear is spreading in this forum :laughing: !

Oh wait, perhaps :face_with_raised_eyebrow: …

Should I be scared :cold_sweat: ?..

I am quite old so I can plan to take my second pillar as cash and invest it when the market is fully depressed.

2 Likes

Can’t wait for my March salary! I want to invest more :open_mouth:

In May I’ll transfer my pension fund (at least 10k of it) to VIAC and then drop it all in the market. Hopefully they are ready by then.

I’m a lousy investor, as I suppose, many on this forum. The reason I’m hoping for a big correction is that I’ve been holding off future investments forever and it was getting harder and harder to get in. If I invest now, I promise to myself I will make regular payments :stuck_out_tongue:

Not really, I just think it would be technically possible to keep the markets open all the time (aren’t crypto markets like that), but they still follow the working hours of some guys in New York, which I find a bit anachronic.

I would appreciate all participants of the market, even the ones trading short term, using leverage. In the end, they keep the markets efficient.

1 Like

All those idiots pumping Teslas, dot-com bubbles and alike are making markets efficient? How come?

https://www.marketwatch.com/story/24-hour-stock-trading-never-took-off-heres-why-2011-11-30

1 Like

Even though I’m still in my 30s, I’ve witnessed the 2001 crash and experienced the crash in 2008 firsthand. :slightly_smiling_face:

This time I’m pretty relaxed about things - though I’m not heavily invested up to now.

No one seems to talk about the coronavirus strain that it’s in Europe at the moment. Didn’t they notice that it all come from a single region (north italy) and it show the symptoms fast? All swiss cases came from italy and had the symptoms in 2-3 days. The first case is already gone home apparently.

Fast to show, but not so virulent apparently.

It’s your opinion that Tesla is pumped, others will say that Tesla has the potential to become the biggest company in the World in a few years. Anyway, there was also a plenty of TSLAQ short-sellers, who wanted to make money on the ā€œstupidityā€ of Tesla believers, and I guess after the last price soar they were all left with nothing. But that’s the beauty of it, you have two opposing sides that make a bet.

I don’t think that bubbles are caused by day traders, anyway.

1 Like

It is a very good thing that they are not open all the time.

  • Investors can take some time to think a bit (in this respect, exchanges should be open only one day a week).
  • Central banks can (and do) use the off time to prepare the next rescue package.

The current situation is somewhat special since central banks are already full in emergency mode (the Fed since last September). From the Fed I’d expect a multi-trillion rescue package before Monday’s opening bell to prevent a market crash.

1 Like

You think that’s a good thing? ā€œRescue packageā€, and where does it come from? I don’t think there should be any rescue package at all. Otherwise, the markets will be artificially kept alive for too long, and eventually you can only expect an even bigger crash.

3 Likes

I’ve lost money in the dotcom bubble :smiley:

1 Like

From their magic hat, as usual :wink: . That is with money printing.

In principle I agree with you, but since they are doing it for so long (regularly since the 1987 crash) it’s almost better to continue. At least it prevents mass defaults (in 2008 it stopped the default cascade right after Lehman and just before AIG… and all the rest). Of course this way of proceeding makes each time the next bubble bigger, which needs each time a bigger rescue package (lower rates, more QE, …), and so on…

Which is causing inflation, ergo it’s redistribution from the savers.

Well, that’s why during expansion they should slowly bring things to normality, even if the cost will be slower expansion. In any case, it’s a pathological financial system.

By the way, if you want to see how far the virus has spread, this map is quite good:

https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

1st death in the US.

So, probably even more panic next week (including the markets).
Locked and loaded. :cowboy_hat_face: